3/9 EMAs 4h Candle

While i am learning CHOROS i though i might try other methods that require less screen time, since i have a little baby coming and a 2 years old little girl .

Started last week i think, not sure because i used this demo account to try other things.

I won´t take every cross.

 

1. I am using VP money management, my initital stop is 1.5 of 14 ATR, 2% risk, but i close 70% at the first touch of the congestion, if i see it, and close the rest at the next MA cross.
2. I use MA cross to confirm that the congestion has ended, once a MA cross happen i do not exit my position ultil it moves in my direction or it stops me out, that rules comes from a Brasilian called Giba who teaches a setup called KARATE .
3. Will from now on (9/02/2020) start using COG, the settings and indicator can be found here https://www.forexfactory.com/showthread.php?t=89714

The reason started this is to evaluate myself and my trades.

I tend to have banana hands for trading, even in demo account, so i am tryng to learn how to carry a trade.

AUDUSD


Saw a congestion area, entered short with MA cross.

Closed 70% at the congestion beneath, will let the rest run until oposite MA cross.

USDJPY

Entered short because of strong momentum up, maybe what goes up fast goes down faster? Closed partial at the end of friday and moved to BE, it is friday.

First target was at the congestion beneath, now i am going to wait for the next cross

EURJPY

Shorted at MA cross of the congestion area, first target, the congestion area beneath, closed 70% went to BE, next exit at oposite MA cross

EURCAD

Missed this one

EURAUD

Saw congestion in a congestion area, MA cross up, first target at congestion above, the rest is closed at oposite cross

GBPJPY

Congestion in a area of congestion, shorted later then i should . More discipline required to wake up earlier.

First target at the candle that caused a reversal.

Also shorted at that big candle but exited most of my position at that Pinbar if i remember well

CHFJPY

I shorted the congestion in the middle and got stoped out, then i shorted at the next congestion again, this time it gave a strong bear candle witch made me decide to take partial profit at the congestion beneath the middle one. Will close the rest at oposite MA cross

AUDCAD

I think it is rinse and repeat

Congestion, MA cross, first target Congestion let it run

AUDCHF

Last trade of the week that i got images from.


Saw congestion area near top, waited for ma cross, shorted, took 70% in the middle congestion, maybe will take a little more in the next one, will close all at Oposite MA cross

GBPAUD

Missed this trade

I think it is just a lucky week, but i am happy with it

Also other trades i wish i had taken

USDCHF - Has gone above green channel, waiting for a congestion and an EMA signal or an convergence of the emas followed by an divergence

USDCAD - Strong uptrend - nothing to do now

GBPUSD - Just reached my buy zone, waiting for congestion and EMA cross up or an convergence of the emas followed by an divergence

EURCHF - In my buy zone and congestioning

EUCAD - Just reached my buy zone, waiting for congestion and EMA cross up or an convergence of the emas followed by an divergence

These are the pair i am watching for now

Breakeven got hit in AUDCHF,USDJPY and EURAUD

EURCHF entered long

Stoped out with a big nice F.you candle

Analysing better, those big wicks up could have being indicating a short, but it is not in my trading plan to short here

EURCAD

Shorted the box break with EMA widening, first target at the reversal box

AUDUSD and AUCAD closed due to oposite MA cross

Trades entered as 23:00

interesting note, price did continue after convergence followed my a widening of the EMA´s it did hit targes, buy due to my insecurity i cuted the trade

GBPCHF

What i see is COG flat lined, multiple failed Bear atempts ,theefore i went long, my first target is above green line